Question
How much capital has State Bank of India (SBI) raised
through its second Basel III compliant Additional Tier 1 bond issuance for FY24?Solution
State Bank of India (SBI), the country’s largest lender, has announced that it has raised Rs 5,000 crore through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34%.Â
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